Web Summary
Q1: What is the company name and its founding year?
A1: The company name is Flexpoint Sensor Systems, Inc., and it was founded in 1995.
Q2: What is the primary product developed by Flexpoint Sensor Systems?
A2: The primary product developed by Flexpoint Sensor Systems is the Bend Sensor, a groundbreaking sensing solution that revolutionizes applications in various industries such as automotive, safety, medical, and industrial.
Q3: In which markets does Flexpoint Sensor Systems produce its products?
A3: Flexpoint Sensor Systems produces its products for multiple markets including automotive and transportation, wearables, medical, industrial controls, consumer products, and toys/gaming.
Q4: What is the location of Flexpoint Sensor Systems' main facility?
A4: The company operates primarily from an 8,000 sq ft. facility in West Jordan, Utah, just southwest of Salt Lake City.
Q5: How does Flexpoint Sensor Systems approach its business model?
A5: Flexpoint lives by its mantra, "We work with you to turn innovation and complex vision into practical reality." The company collaborates with partners to design and develop innovative new products and solutions, offering consulting, design, development, and manufacturing services related to the adoption of the Bend Sensor technology.
Q6: What is Flexpoint Sensor Systems' stance on the Internet of Things (IoT) and Industrial Internet of Things (IIoT)?
A6: The company is excited about the emergence of IoT and IIoT movements, especially as they relate to the markets it has served. Flexpoint has begun to "IoT enable" its sensors to make it easy for developers to quickly and seamlessly integrate its technology into their applications.
Q7: What is the significance of the Bend Sensor in autonomous vehicles?
A7: The Bend Sensor plays a vital role in the advancement of autonomous vehicles by strategically placing its flagship product, the Bend Sensor, in key impact areas of the vehicle. This enables Flexpoint to contribute significantly to the development of autonomous vehicles in the marketplace.
Q8: What is the expected growth of the global AV market according to Goldman Sachs forecast?
A8: According to Goldman Sachs' forecast, the global AV market is expected to be $96bn by 2025.
Q9: How many autonomous vehicles are projected to be on US highways by 2035, according to Accenture's estimate?
A9: Accenture suggests that by 2035, as many as 23m AV’s will be on US highways, just under 10% of all registered cars and trucks.
Q10: What is the contact information for Flexpoint Sensor Systems' President, Clark Mower?
A10: The contact information for Flexpoint Sensor Systems' President, Clark Mower, is (801) 568-5111.